
Canadian Natural Resources NYSE: CNQ plans to increase share repurchases after reaching its net debt target ahead of schedule, while an early completion of maintenance at its Horizon oil sands facility is expected to lift fourth-quarter production.
Canadian Natural Resources Limited acquires, explores, develops, produces, markets and sells crude oil, natural gas and natural gas liquids (NGL). The company is headquartered in Calgary, Canada.
| Revenue (TTM) | $47.95B |
| Gross Profit (TTM) | $25.38B |
| EBITDA | $21.23B |
| Operating Margin | 32.30% |
| Return on Equity | 32.40% |
| Return on Assets | 9.87% |
| Revenue/Share (TTM) | $23.08 |
| Book Value | $16.28 |
| Price-to-Book | 3.02 |
| Price-to-Sales (TTM) | 2.09 |
| EV/Revenue | 3.029 |
| EV/EBITDA | 6.54 |
| Quarterly Earnings Growth (YoY) | 404.60% |
| Quarterly Revenue Growth (YoY) | 34.40% |
| Shares Outstanding | $2.06B |
| Float | $2.01B |
| % Insiders | 2.18% |
| % Institutions | 78.92% |
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Canadian Natural Resources NYSE: CNQ plans to increase share repurchases after reaching its net debt target ahead of schedule, while an early completion of maintenance at its Horizon oil sands facility is expected to lift fourth-quarter production.

Canadian Natural accelerates share buybacks after reaching its debt target early, while improved Horizon reliability and strong thermal output boost its Q4 outlook.

Four oil and gas producers just paired earnings with fresh payouts, but one dividend is built to survive $30 oil and another sits on a thin gas price cushion. Which checks are truly safe, and which come with a catch?

Canadian Natural Resources Limited delivered strong Q3 results, driven by high-energy prices and solid production growth. CNQ achieved its net debt target ahead of schedule, enabling a ramp-up in shareholder returns via buybacks and dividends. With a double-digit shareholder yield and a 6.2x EV/EBITDA valuation, CNQ remains attractively priced in the energy sector.

Canadian Natural Resources Limited (CNQ:CA) Q3 2026 Earnings Call Transcript

Although the revenue and EPS for Canadian Natural Resources (CNQ) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here is how Canadian Natural Resources (CNQ) and Imperial Oil (IMO) have performed compared to their sector so far this year.

Canadian Natural Resources (CNQ) came out with quarterly earnings of $1.18 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $0.62 per share a year ago.

Calgary, Alberta--(Newsfile Corp. - November 5, 2026) - Canadian Natural's (TSX: CNQ) (NYSE: CNQ) President, Scott Stauth, commented on the Company's third quarter results, "The strength of our well-balanced and diverse portfolio, combined with our continued focus on safe, effective and efficient operations, delivered another strong quarter. In Q3/26, we achieved production of approximately 1,217,000 bbl/d of liquids and 2.6 Bcf/d of natural gas, totaling approximately 1,652,000 BOE/d, inclusive of a planned turnaround at Horizon, reflecting the quality of our long life low decline asset base and disciplined operating culture.

Calgary, Alberta--(Newsfile Corp. - November 5, 2026) - Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) announces that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.625 (sixty-two and one half cents). The dividend will be payable on January 5, 2027 to shareholders of record at the close of business on December 15, 2026.
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